UNITED BENEFICE OF BRO TEIFI
JOINT CHURCHES CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
| General | Restricted | Total | Total | Total | |
|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | 2021 | |
| INCOME/RECEIPTS | |||||
| Voluntary Income | |||||
| Planned giving | 91,294 | 1,500 | 92,794 | 83,351 | 82,399 |
| Loose collections | 28,080 | 255 | 28,335 | 19,788 | 13,414 |
| Donations | 11,833 | 5,166 | 16,999 | 14,177 | 7,178 |
| Mission | 7,116 | 742 | 7,858 | 1,555 | 230 |
| Tax reclaims | 26,113 | 1,124 | 27,237 | 17,223 | 27,776 |
| Legacies | 6,181 | 664 | 6,845 | 6,483 | 1,346 |
| Grants | 3,975 | 8,288 | 12,263 | 54,951 | 34,401 |
| Fees | 15,815 | 16,891 | 32,706 | 24,442 | 19,768 |
| Other activities | |||||
| Money raising | 18,653 | 7,494 | 26,147 | 48,151 | 64,903 |
| Investment income | 18,137 | 6,397 | 24,534 | 15,476 | 53,198 |
| Other receipts | 59,873 | 170 | 60,043 | 51,471 | 49,829 |
| TOTAL INCOME | 287,070 | 48,691 | 335,761 | 337,068 | 354,442 |
| General | Restricted | Total | Total | Total | |
| 2023 | 2023 | 2023 | 2022 | 2021 | |
| EXPENDITURE/PAYMENTS | |||||
| Support for Ministry | |||||
| Parish share | 293,881 | 293,881 | 149,071 | 118,740 | |
| Parochial expenses of clerics | 8,941 | 8,941 | 6,059 | 4,677 | |
| Parish Activities | |||||
| Maintenance of services | 6,295 | 648 | 6,943 | 8,118 | 4,034 |
| General parish expenses | 5,482 | 1,405 | 6,887 | 8,256 | 6,469 |
| Church Property | |||||
| Maintenance of Churches | 110,490 | 6,123 | 116,613 | 50,983 | 34,553 |
| Maintenance of other property | 20,169 | 41,139 | 61,308 | 118,507 | 60,277 |
| Exceptional expenditure | 1,676 | 881 | 2,557 | 1,318 | 159,868 |
| Mission and grants | |||||
| Mission | 9,608 | 3,130 | 12,738 | 10,199 | 4,597 |
| Other | 1,650 | 1,650 | |||
| Capital expenditure | 891 | 891 | 186 | 3,678 | |
| Cost of money raising | 516 | 1,230 | 1,746 | 344 | 86 |
| TOTAL EXPENDITURE | 459,599 | 54,556 | 514,155 | 353,041 | 396,979 |
| GROUP DEFICIT | (172,529) | (5,865) | (178,394) | (15,973) | (42,537) |
| OPENING ASSETS (BANK/INVESTMENTS | 496,603 | 545,068 | 1,041,671 | 1,089,422 | ######## |
| CHANGE IN VALUE OF INVESTMENTS | 7,989 | 13,237 | 21,226 | (31,778) | |
| ADJUSTMENT OPENING BALANCES | 85,170 | 85,170 | |||
| **CLOSING ASSETS (BANK/INVESTMENTS ** | 417,233 | 552,440 | 969,673 | 1,041,671 | ######## |
The above financial statements have been prepared from information and explanations supplied by the individual Churches within the LMA group.
Islwyn Evans FFA FTA Pritchard & Co Accountants and tax advisers 47 St Mary Street Cardigan Ceredigion SA43 1HA
9 July 2024